In Brief The One Big Beautiful Bill Act (OB3) reshapes tax policy and federal spending with ripple effects across health, life, and property & casualty insurance. Health insurers face higher churn, compliance burdens, and risk concentration as Medicaid and ACA subsidies are rolled back. Life insurers will see reduced demand for estate-tax-driven…
For individual taxpayers, the new tax bill signed into law on July 4, 2025, can be seen as a mixed bag, but with enough positive provisions to look forward to. The good news is that many popular provisions of the 2017 Tax Cuts and Jobs Act (TCJA) — including lower individual tax rates, a higher standard deduction and a significantly higher estate tax exclusion —…
The new tax bill signed into law on July 4, 2025, holds significant benefits for construction contractors. In general, the “One Big Beautiful Bill” (OB3) makes permanent certain provisions of the 2017 Tax Cuts and Jobs Act (TCJA) that were scheduled to expire at the end of this year or phase out over several years. Additionally, it contains numerous new prov…
